Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is … share-issue privatizations (SIPs) and should a priori impact on market liquidity and market size. A positive correlation …

liquidity measures in a panel with monthly data of 19 developed economies. Privatization is shown to be key in improving …Share issue privatization - i.e. privatization on public equity markets - is often claimed to foster stock market … development. In this paper, we provide an empirical assessment of this claim, testing the role of privatization on two market …

We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …

Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is … share-issue privatizations (SIPs) and should a priori impact on market liquidity and market size. A positive correlation …